Republic of Korea: Unwrought Lead Market 2021

Unwrought Lead Market Size in Republic of Korea

The South Korean unwrought lead market rose slightly to $X in 2020, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Unwrought Lead Production in Republic of Korea

In value terms, unwrought lead production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, production attained the maximum level in 2020 and is likely to see steady growth in the immediate term.

Unwrought Lead Exports

Exports from Republic of Korea

In 2020, shipments abroad of unwrought lead increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, unwrought lead exports rose notably to $X in 2020. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in the near future.

Exports by Country

India (X tons) was the main destination for unwrought lead exports from South Korea, accounting for a X% share of total exports. Moreover, unwrought lead exports to India exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The third position in this ranking was occupied by Thailand (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Thailand (+X% per year).

In value terms, India ($X) remains the key foreign market for unwrought lead exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The average unwrought lead export price stood at $X per ton in 2020, leveling off at the previous year. In general, the export price recorded a mild shrinkage. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the highest prices were recorded for prices to Bangladesh ($X per ton) and China ($X per ton), while the average price for exports to Indonesia ($X per ton) and India ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh, while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Lead Imports

Imports into Republic of Korea

In 2020, purchases abroad of unwrought lead decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. Over the period under review, imports, however, saw modest growth. The pace of growth was the most pronounced in 2009 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, unwrought lead imports reduced dramatically to $X in 2020. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2010 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, India (X tons) constituted the largest supplier of unwrought lead to South Korea, accounting for a X% share of total imports. Moreover, unwrought lead imports from India exceeded the figures recorded by the second-largest supplier, Nigeria (X tons), fivefold. The Philippines (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (+X% per year) and the Philippines (+X% per year).

In value terms, India ($X) constituted the largest supplier of unwrought lead to South Korea, comprising X% of total imports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2007 to 2020, the average annual growth rate of value from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+X% per year) and Nigeria (+X% per year).

Import Prices by Country

The average unwrought lead import price stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the import price saw a pronounced decrease. The growth pace was the most rapid in 2009 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton. From 2010 to 2020, the growth in terms of the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Saudi Arabia ($X per ton) and Mozambique ($X per ton), while the price for the U.S. ($X per ton) and Nigeria ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Central African Republic, while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform

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